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Global Medium Chain Triglycerides (MCT) Market Report By Product Type (Lauric Acid, Caprylic Acid, Caproic Acid, And Capric Acid), Applications (Food, Medical, And Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11210071
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Medium-chain triglycerides (MCTs) are triglycerides whose fatty acids contain an aliphatic tail of 6–12 carbon atoms. These fats are the source of healthy fats that are required by the body. The global MCTs market is primarily driving due to increasing application of MCTs in the food industry worldwide. Moreover, growing adoption of dietary intake among consumer is likely to show enormous growth rate in the years to come. Additionally, the rapidly growing personal care industry is also expected to push the demand for medium-chain triglycerides.
As per the latest report added by Value Market Research, the Global Medium Chain Triglycerides (MCT) Market was valued USD 275.0 MN (by revenue) in 2017 and is anticipated to reach USD 486.8 MN by 2024 with a CAGR of 8.5%. By volume, the market was estimated at XXX KT in 2017 and is expected to reach XXX KT by 2024 with a CAGR of X.X%.
LAURIC ACID IS A DOMINATING SEGMENT
Lauric Acid was leading with a market share of over 30% in 2017. Lauric acid is inexpensive, non-toxic, has a long shelf-life, and is safe to handle. This product is used mainly for the production of soaps and cosmetics products. Some of the studies have suggested that its consumption helps to reduce the cholesterol ratio in the blood which ultimately decreases the risk of cardiovascular diseases. Mainly the growth of the segment can be attributed to the rising demand for personal care & cosmetic industry. Also, its increasing applications as an antibacterial, antiviral or antifungal medicine and its ability to decrease cardiovascular disease and mortality risk in the healthcare sector are further expected to push the segment growth.
FOOD APPLICATION IS LEADING THE MARKET
Food applications segment is dominating the market with over X.X% share in 2017. Medium chain triglycerides are used into drinks, nourishing bars and in energy food. It helps in upgrading the properties of hot and chilly drinks and also utilized as food emulsifiers, and to make particular flavors to improve the food products is driving the segment growth.
ASIA-PACIFIC IS RULING THE GLOBAL MEDIUM-CHAIN TRIGLYCERIDES MARKET
Geographically, Asia-Pacific region was holding the highest market share around 40% in 2017 globally and is projected to experience the significant growth owing to escalating demand from personal care and dietary supplements industry in the region.
MAJOR PLAYERS PROFILED IN THE REPORT:
A&A Fratelli Parodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co.
As per this study, the Global Medium Chain Triglycerides (MCT) Market was valued USD 2.7 MN (by revenue) in 2021 and is anticipated to reach USD 4.57 MN by 2028 with a CAGR of 7.8%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Medium-chain triglycerides are saturated fatty acids that contain an aliphatic tail of 6–12 carbon atoms associated with it. Medium-chain fatty acids (MCFAs) are the fatty acids found in MCTs. They are made up of a glycerol backbone and three fatty acids like all triglycerides. Basically, they are partially man-made fats. They are widely used to treat a common disorder like food absorption disorders including diarrhea, steatorrhea, celiac disease, liver disease, and digestion problems. Moreover, MCTs are also used to treat diabetes.
Market Dynamics
Owing to its various health benefits MCTs are widely used as dietary supplements, infant nutrition, personal care products, and medicinal products. The market of MCT is basically growing on the account of rising health awareness among consumer, growing population base along with the rising demand from the pharmaceutical industry where it is used as excipients in the drug. However, side-effects associated with usage and the high cost of raw material is likely to impede the growth of the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of medium chain triglycerides (MCT).
Market Segmentation
The broad medium chain triglycerides (MCT) market has been sub-grouped into product type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
By Application
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for medium chain triglycerides (MCT) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Medium Chain Triglycerides (MCT) Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the medium chain triglycerides (MCT) market includes A&A Fratelli Parodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co. Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Medium-chain triglycerides are saturated fatty acids that contain an aliphatic tail of 6–12 carbon atoms associated with it. Medium-chain fatty acids (MCFAs) are the fatty acids found in MCTs. They are made up of a glycerol backbone and three fatty acids like all triglycerides. Basically, they are partially man-made fats. They are widely used to treat a common disorder like food absorption disorders including diarrhea, steatorrhea, celiac disease, liver disease, and digestion problems. Moreover, MCTs are also used to treat diabetes.
Market Dynamics
Owing to its various health benefits MCTs are widely used as dietary supplements, infant nutrition, personal care products, and medicinal products. The market of MCT is basically growing on the account of rising health awareness among consumer, growing population base along with the rising demand from the pharmaceutical industry where it is used as excipients in the drug. However, side-effects associated with usage and the high cost of raw material is likely to impede the growth of the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of medium chain triglycerides (MCT).
Market Segmentation
The broad medium chain triglycerides (MCT) market has been sub-grouped into product type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Lauric Acid
- Caprylic Acid
- Caproic Acid
- Capric Acid
By Application
- Food
- Medical
- Other Application
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for medium chain triglycerides (MCT) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Medium Chain Triglycerides (MCT) Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the medium chain triglycerides (MCT) market includes A&A Fratelli Parodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co. Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. For the year 2021, the global market size for medium chain triglycerides (MCT) was valued at USD 2.7 Billion.
b. The global medium chain triglycerides (MCT) market growth is estimated to be close to 7.8% between 2023 and 2028.
b. In the global medium chain triglycerides (MCT) market, North America holds the largest market share.
b. The global medium chain triglycerides (MCT) market is segmented by Product Type (Lauric Acid, Caprylic Acid, Caproic Acid, And Capric Acid), by Applications (Food, Medical, And Other).
b. The leading players in the global medium chain triglycerides (MCT) market are A&A Fratelli Parodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co. Ltd.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . MEDIUM CHAIN TRIGLYCERIDES (MCT) – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Product Type
3.7.2 By Application
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL MEDIUM CHAIN TRIGLYCERIDES (MCT) MARKET ANALYSIS BY PRODUCT TYPE
6.1 Overview by Product Type
6.2 Historical and Forecast Data
6.3 Analysis by Product Type
6.4 Lauric Acid Market by Regions
6.5 Caprylic Acid Market by Regions
6.6 Caproic Acid Market by Regions
6.7 Capric Acid Market by Regions
7 . GLOBAL MEDIUM CHAIN TRIGLYCERIDES (MCT) MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Food Market by Regions
7.5 Medical Market by Regions
7.6 Other Application Market by Regions
8 . GLOBAL MEDIUM CHAIN TRIGLYCERIDES (MCT) MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE MEDIUM CHAIN TRIGLYCERIDES (MCT) COMPANIES
9.1. Medium Chain Triglycerides (MCT) Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF MEDIUM CHAIN TRIGLYCERIDES (MCT) INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. A&A Fratelli Parodi SRL
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. ABITEC Corporation
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Acme-Hardesty Co.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Avik Pharmaceutical Ltd.
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. BASF SE
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Britz Inc.
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. Croda International
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Dr.Straetmans GmbH
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Elementis PLC
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. Emery AG
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
10.13. Henry Lamotte Oils GmbH
10.13.1. Company Overview
10.13.2. Financials
10.13.3. Products
10.13.4. Recent Developments
10.14. Lonza Group Ltd.
10.14.1. Company Overview
10.14.2. Financials
10.14.3. Products
10.14.4. Recent Developments
10.15. Magna-Kron Corporation
10.15.1. Company Overview
10.15.2. Financials
10.15.3. Products
10.15.4. Recent Developments
10.16. Musim Mas Holdings Pte. Ltd.
10.16.1. Company Overview
10.16.2. Financials
10.16.3. Products
10.16.4. Recent Developments
10.17. Peter Cremer Holding GmbH & Co. KG
10.17.1. Company Overview
10.17.2. Financials
10.17.3. Products
10.17.4. Recent Developments
10.18. Stepan Company
10.18.1. Company Overview
10.18.2. Financials
10.18.3. Products
10.18.4. Recent Developments
10.19. Sternchemie GmbH & Co. KG
10.19.1. Company Overview
10.19.2. Financials
10.19.3. Products
10.19.4. Recent Developments
10.20. Wilmar International Limited
10.20.1. Company Overview
10.20.2. Financials
10.20.3. Products
10.20.4. Recent Developments
10.21. Wumei Holdings Inc.
10.21.1. Company Overview
10.21.2. Financials
10.21.3. Products
10.21.4. Recent Developments
10.22. Zhejiang Wumei Chemical Product Co. Ltd.
10.22.1. Company Overview
10.22.2. Financials
10.22.3. Products
10.22.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Product Type (Kilo Tons and USD MN)
- Lauric Acid Market by Geography (Kilo Tons and USD MN)
- Caprylic Acid Market by Geography (Kilo Tons and USD MN)
- Caproic Acid Market by Geography (Kilo Tons and USD MN)
- Capric Acid Market by Geography (Kilo Tons and USD MN)
- Analysis Market by Application (Kilo Tons and USD MN)
- Food Market by Geography (Kilo Tons and USD MN)
- Medical Market by Geography (Kilo Tons and USD MN)
- Other Application Market by Geography (Kilo Tons and USD MN)
- Global Medium Chain Triglycerides (MCT) Market by Geography (Kilo Tons and USD MN)
- North America Market Analysis (Kilo Tons and USD MN)
- United State Market Analysis (Kilo Tons and USD MN)
- Canada Market Analysis (Kilo Tons and USD MN)
- Mexico Market Analysis (Kilo Tons and USD MN)
- Europe Market Analysis (Kilo Tons and USD MN)
- Europe Market Estimate by Country (Kilo Tons and USD MN)
- United Kingdom Market Analysis (Kilo Tons and USD MN)
- France Market Analysis (Kilo Tons and USD MN)
- Germany Market Analysis (Kilo Tons and USD MN)
- Italy Market Analysis (Kilo Tons and USD MN)
- Russia Market Analysis (Kilo Tons and USD MN)
- Spain Market Analysis (Kilo Tons and USD MN)
- Rest of Europe Market Analysis (Kilo Tons and USD MN)
- Asia Pacific Market Analysis (Kilo Tons and USD MN)
- China Market Analysis (Kilo Tons and USD MN)
- Japan Market Analysis (Kilo Tons and USD MN)
- India Market Analysis (Kilo Tons and USD MN)
- South Korea Market Analysis (Kilo Tons and USD MN)
- Australia Market Analysis (Kilo Tons and USD MN)
- Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
- Latin America Market Analysis (Kilo Tons and USD MN)
- Brazil Market Analysis (Kilo Tons and USD MN)
- Argentina Market Analysis (Kilo Tons and USD MN)
- Peru Market Analysis (Kilo Tons and USD MN)
- Chile Market Analysis (Kilo Tons and USD MN)
- Rest of Latin America Market Analysis (Kilo Tons and USD MN)
- Middle East & Africa Market Analysis (Kilo Tons and USD MN)
- Saudi Arabia Market Analysis (Kilo Tons and USD MN)
- UAE Market Analysis (Kilo Tons and USD MN)
- Israel Market Analysis (Kilo Tons and USD MN)
- South Africa Market Analysis (Kilo Tons and USD MN)
- Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Medium Chain Triglycerides (MCT) Report
- Market Research Process
- Market Research Methodology
- Global Medium Chain Triglycerides (MCT) Market Size, by Region (Kilo Tons and USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Product Type
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Product Type (Kilo Tons and USD MN)
- Lauric Acid Market by Geography (Kilo Tons and USD MN)
- Caprylic Acid Market by Geography (Kilo Tons and USD MN)
- Caproic Acid Market by Geography (Kilo Tons and USD MN)
- Capric Acid Market by Geography (Kilo Tons and USD MN)
- Global Market Analysis by Application (Kilo Tons and USD MN)
- Food Market by Geography (Kilo Tons and USD MN)
- Medical Market by Geography (Kilo Tons and USD MN)
- Other Application Market by Geography (Kilo Tons and USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments